A Look at Some of the 'Next Generation' Bitcoin Mining ...

Ormeus Coin

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Which Bitcoin Mining Rig Is Most Profitable?

Which Bitcoin Mining Rig Is Most Profitable? submitted by PabloClarke to BitcoinMining [link] [comments]

Which Bitcoin Mining Rig Is Most Profitable?

Which Bitcoin Mining Rig Is Most Profitable? submitted by PabloClarke to Bitcoin [link] [comments]

Which Bitcoin Mining Rig Is Most Profitable?

Which Bitcoin Mining Rig Is Most Profitable? submitted by PabloClarke to Bitcoin_Maximalist [link] [comments]

Which Bitcoin Mining Rig Is Most Profitable? (x-post from /r/Bitcoin)

Which Bitcoin Mining Rig Is Most Profitable? (x-post from /Bitcoin) submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

How to mine bitcoin for under $99: Build a profitable mining rig and make money while you sleep

submitted by wealthwithless to wroteabook [link] [comments]

Bitcoin Mining Industry Contracting: Bitmain Firing More Than Half Its Workforce; GMO Internet Shuts Down Mining Division

Bitcoin Mining Industry Contracting: Bitmain Firing More Than Half Its Workforce; GMO Internet Shuts Down Mining Division

https://preview.redd.it/shaxz99r3v621.png?width=690&format=png&auto=webp&s=7b45303f9a9cb5901f9d7cc33b09eddd0525b853
https://cryptoiq.co/bitcoin-mining-industry-contracting-bitmain-firing-more-than-half-its-workforce-gmo-internet-shuts-down-mining-division/
The Bitcoin mining industry is seeing blood in the streets because the Bitcoin mining hash rate has declined from peaks near 60 EH/s to around 40 EH/s today, driven by Bitcoin’s decline from $20,000 to less than $4,000 in a year.
This means 20 EH/s of Bitcoin mining equipment has been taken offline due to lack of profitability. Bitcoin mining rig manufacturers have large quantities of rigs they cannot sell, bringing the mining arms race of constantly improving technology to an abrupt halt.
Bitmain, the biggest Bitcoin mining rig manufacturer, has gone from planning an initial public offering (IPO) on the Hong Kong Stock Exchange to slashing most of its workforce. GMO Internet, an up and coming manufacturer that developed 7 nm rigs faster than anyone else, has put up the white flag of surrender and left the mining industry.
It is clear that the IPO for Bitmain will not be happening. This company is struggling for survival. Essentially, Bitmain is laying off all employees who are not essential and getting rid of auxiliary divisions.
Entire departments will be closed. A Bitmain staff member said ““It’s affirmative. The layoff will start next week and involves more than 50 percent of the entire Bitmain’s headcount” while another staff member said, “Some departments have to be let go entirely.”
It is likely that the blockchain and artificial intelligence (AI) departments at Bitmain will be most severely impacted since Bitmain’s true business is manufacturing mining rigs, and anything which is not yielding profits will be the first to go.
Meanwhile, up and coming mining rig manufacturer GMO Internet is completely getting rid of its mining manufacturing business. It will be reporting an “extraordinary” total loss of JPY 35.5 billion ($319 million) from the mining business.
GMO Internet will no longer manufacture, develop, or sell mining rigs. It will continue an in-house mining operation with its remaining rigs, and this might be profitable even in bad market conditions since they have highly efficient 7 nm rigs.
The fact that GMO Internet has a surplus of 7 nm rigs and cannot even sell them shows how bad the mining industry has gotten. Miners cannot afford to buy any more rigs, no matter how cutting edge the rigs are, since the entire mining business model has been rekt.
The only way for Bitcoin mining to work, even during favorable mining conditions, is to run rigs 24/7 without interruption. Then miners buy more rigs from their slim profit margin. More than 30 percent of all existing rigs being turned off due to lack of profitability indicates most mining businesses are taking big losses rather than profits.
Simply, miners will not be buying new rigs until the 20 EH/s of rigs that have been turned off can be turned back on, and Bitcoin’s price will have to double to make that happen.
submitted by turtlecane to CryptoCurrency [link] [comments]

Bitcoin Mining Still Profitable With Older-Generation Rigs

Bitcoin Mining Still Profitable With Older-Generation Rigs submitted by zuugzwang to BitcoinMining [link] [comments]

Bitcoin Mining Still Profitable With Older-Generation Rigs

Bitcoin Mining Still Profitable With Older-Generation Rigs submitted by zuugzwang to AllThingsCrypto [link] [comments]

Bitcoin Mining Still Profitable With Older-Generation Rigs

submitted by zuugzwang to Crypto_General [link] [comments]

Bitcoin’s old mining rigs are still profitable investments, claims report

Bitcoin’s old mining rigs are still profitable investments, claims report submitted by n4bb to CoinPath [link] [comments]

Bitcoin Mining – Hardware & Software Is Profitable – How To Start – Free App – Legal Wiki Rig Miner

Bitcoin Mining – Hardware & Software Is Profitable – How To Start – Free App – Legal Wiki Rig Miner submitted by ososru to Bitcoin4free [link] [comments]

Bitcoin Mining – Hardware & Software Is Profitable – How To Start – Free App – Legal Wiki Rig Miner

Bitcoin Mining – Hardware & Software Is Profitable – How To Start – Free App – Legal Wiki Rig Miner submitted by Rufflenator to 3bitcoins [link] [comments]

Calculate how much it costs a mining rig to create bitcoin or other altcoins with our updated miner profit estimation tool - more info in Poolin mining pool blog (link) comments appreciated.

Calculate how much it costs a mining rig to create bitcoin or other altcoins with our updated miner profit estimation tool - more info in Poolin mining pool blog (link) comments appreciated. submitted by bitentrepreneur to BitcoinMining [link] [comments]

Just Two ASIC Bitcoin Mining Rigs Remain Profitable in Current Markets!

Just Two ASIC Bitcoin Mining Rigs Remain Profitable in Current Markets! submitted by CryptoDataYoutube to CryptoMarkets [link] [comments]

Just Two ASIC Bitcoin Mining Rigs Remain Profitable in Current Markets

Just Two ASIC Bitcoin Mining Rigs Remain Profitable in Current Markets submitted by n4bb to CoinPath [link] [comments]

Just Two ASIC Bitcoin Mining Rigs Remain Profitable in Current Markets!

Just Two ASIC Bitcoin Mining Rigs Remain Profitable in Current Markets! submitted by cryptoallbot to cryptoall [link] [comments]

Only 2 Bitcoin mining rigs deemed profitable in December 2018 - Bitrazzi

Only 2 Bitcoin mining rigs deemed profitable in December 2018 - Bitrazzi submitted by asmajda to CryptoStock [link] [comments]

Only Two ASIC Bitcoin [BTC] Mining Rigs Remain Profitable in Current Market Conditions

submitted by Crypto-Economy to cryptoeconomynet [link] [comments]

Only 2 Bitcoin mining rigs deemed profitable in December 2018 - Bitrazzi

Only 2 Bitcoin mining rigs deemed profitable in December 2018 - Bitrazzi submitted by asmajda to CryptoStock [link] [comments]

Just Two ASIC Bitcoin Mining Rigs Remain Profitable in Current Markets

Just Two ASIC Bitcoin Mining Rigs Remain Profitable in Current Markets submitted by Ranzware to BitNewsLive [link] [comments]

Just Two ASIC Bitcoin Mining Rigs Remain Profitable in Current Markets!

Just Two ASIC Bitcoin Mining Rigs Remain Profitable in Current Markets! submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

12-12 10:13 - 'Just Two ASIC Bitcoin Mining Rigs Remain Profitable in Current Markets!' (youtu.be) by /u/CryptoDataYoutube removed from /r/Bitcoin within 495-505min

Just Two ASIC Bitcoin Mining Rigs Remain Profitable in Current Markets!
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Author: CryptoDataYoutube
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How Are Mining Profits Now? September 2019 Most Profitable Mining Rig In 2019 Is?... Best Bitcoin Mining Rigs in 2020  New 110 TH/s Antminer ... First Profitable Simple Mining Rig Build - Graft Is BITCOIN MINING Profitable RIGHT NOW In Mid 2019? - YouTube

Bitcoin mining began as a well paid hobby for early adopters who had the chance to earn 50 BTC every 10 minutes, mining from their bedrooms. Successfully mining just one Bitcoin block, and holding onto it since 2010 would mean you have $450,000 worth of bitcoin in your wallet in 2020. Mining Rigs Still Profitable at Current Bitcoin Price Alex Kern, a research analyst at Fundstrat Global Advisors, said that at the current BTC price level of $10,000, older generation mining rigs such as the Antminer S9 and WhatsMiner M10 continue to be profitable. Bitcoin mining is a very challenging way to earn a free Bitcoin. In addition, the process takes times and resources. In addition, the process takes times and resources. Considering all these requirements, you will find in this article if Bitcoin mining is still profitable today. Best mining rigs and mining PCs for Bitcoin, Ethereum and more. By Matt Hanson, Brian Turner 14 September 2020. If you still fancy mining cryptocurrencies, these are the best pre-built rigs and PCs. bitcoin mining can still turn a profit but requires skill Much has been made of large pools taking over the mining space , notably with regards to Bitcoin. Of particular note is the fact that the most advanced mining rigs often become available to these enterprise operations months before they can be purchased by independent consumers.

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How Are Mining Profits Now? September 2019

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